Financials
Q1-16: Connected Homes segment revs Technicolor revenue 57 percent
BENGALURU: Buoyed by its Connected Homes segment which more than doubled its revenue, TechnicolorGroup (Technicolor, Group) reported a 57 percent revenue jump on constant currency basis for the quarter ended 31 March 2016 (Q1-2016, current quarter) as compared to Q1-2015. Except for its Technology segment which reported a 4.9 per cent year-on-year (YoY) decline in the current quarter vis-à-vis Q1-2015, all the other segments reported a hike in revenue. Further, Technicolor closed the acquisitions of Cisco Connected Devices and The Mill, which had a positive impact on prior-year result comparison.
Technicolor CEO Fredric Rose said, “Our significant customer wins in the first quarter demonstrate the successful start to integrating our 2015 acquisitions. This puts us in good stead to achieve our financial objectives.”
Technicolor Group reported revenue of €1,262 million in Q1-2016, which as 56.7 percent more than €805 million in Q1-2015.
Connected Home
Connected Home revenues amounted to €698 million in Q1-2016, including a €396 million contribution of Cisco Connected Devices. Technicolor says that excluding Cisco Connected Devices, Connected Home recorded year-over-year (YoY) revenue growth in all regions, except for Latin America. Revenues in North America, EMEA and APAC regions were up 26 percent year-on-year at constant currency. Latin America revenues were impacted by the Brazilian crisis and recorded a sharp drop of 45 percent year-on-year at constant currency.
Within Connected Home, by product, Video revenue went up by 2.65 times YoY to €428 million in Q1-2016 as compared to €164 million. Broadband revenue increased 81 percent to €270 million in the current quarter to €164 million in the corresponding year ago quarter.
Entertainment Services
Entertainment Services revenues amounted to €450 million in Q1-2016, up 34.6 percent at constant currency compared €338 million to Q1-2015. This performance reflected a strong double-digit growth in Production Services, including the contribution of last year’s acquisitions, combined with increased DVD Services revenues.
Production Services revenues amounted to €179 million in Q1-2016, up by more than 50 percent at constant currency compared to the first quarter of 2015. This strong performance resulted from a double-digit organic revenue growth and the additions of OuiDo, Mikros Image and The Mill.
The level of activity in Visual Effects for feature films was stable year-on-year as the Group started ramping up new titles in the current quarter and thus fully offset the completion of large-scale projects in Q3-2015.
DVD Services revenues amounted to €272 million in the current quarter, up 25.2 percent at constant currency compared to Q1-2015. This performance was driven by a 24.6 percent year-on-year growth in total volumes from 271 million in Q1-2015 to 337.5 million, reflecting new customer additions secured in 2015, as well as selected key new release theatrical titles produced in the Q1-2016. During the period, DVD volumes increased by c.12 percent, while Blu-ray disc volumes were up c.26 percent compared Q1-2015. Overall Games volumes increased by c.6 percent year-on-year, as growth in Xbox One Blu-ray games volumes was tempered somewhat by the ongoing (and largely complete) shift in demand from the prior generation DVD based Xbox console. CD volumes were up substantially in the first quarter, due primarily to last year’s new customer additions.
The company reveals that key theatrical titles produced in the current quarter included Star Wars: The Force Awakens (Disney), Spectre (Fox), as well as The Hunger Games: Mockingjay – Part 2 (Lionsgate), while key games titles included Tom Clancy’s The Division (Ubisoft) and Quantum Break (Microsoft).
Technology
Licensing revenues amounted to €112 million in Q1-2016, down €6 million at current currency compared to Q1-2015. This decrease was due to a €62 million decline in MPEG LA revenues, which was partially compensated by a strong quarter in Patent Licensing, driven by Video Coding and Digital TV activities. In Video Coding, the strong performance was driven by the first material licensing agreement for the use of its HEVC patent portfolio thatTechnicolor signed with a leading technology company in early February.
In the current quarter, Technicolor slightly increased its Trademark Licensing revenues and continued to make additional progress in the dissemination of its High Dynamic Range (HDR) technology. Technicolor says that several silicon manufacturers have started to embed its technologies, for TVs or set-top boxes, and chips will be available by the end of this year.
MUMBAI: It’s time to brief the markets: Page Industries is showing that even when regulations tighten, it can still keep its footing in the innerwear business. The Bengaluru-based apparel major has reported its financials for the quarter ended 31 December 2025, delivering a performance that remains steady and well put together.
The company’s top line showed plenty of elasticity this quarter. Revenue from operations stretched to Rs 1,38,675.71 lakhs, a healthy jump from the Rs 1,29,085.82 lakhs reported in the preceding quarter. Compared to the same period last year, which stood at Rs 1,31,305.10 lakhs, it’s clear the brand’s grip on the market isn’t loosening. Total income for the quarter, including other finance gains, reached a comfortable Rs 1,39,919.03 lakhs.
However, it wasn’t all smooth silk. The Government of India’s new unified Labour Codes, covering everything from wages to social security, officially kicked in on 21 November 2025. This regulatory shift forced Page Industries to account for a one-time “exceptional item” cost of Rs 3,500.42 lakhs to cover incremental employee benefits and related obligations. Despite this Rs 35-crore legislative snag, the underlying business remained robust. Profit before tax stood at Rs 25,625.35 lakhs after the exceptional hit, and without that one-off cost, the figure would have been a more muscular Rs 29,125.77 lakhs. Net profit for the quarter came in at Rs 18,953.64 lakhs.
Total expenses rose to Rs 1,10,793.26 lakhs, driven largely by raw material consumption of Rs 30,162.65 lakhs and employee benefits of Rs 23,310.66 lakhs. Even so, the company’s operational strength ensured the bottom line remained firmly stitched together.
For shareholders, the news is particularly “fitting.” The Board has declared a third interim dividend for 2025-26 of Rs 125 per equity share. The record date has been set for 11 February 2026, with the payment scheduled on or before 6 March 2026. This follows two previous interim dividends of Rs 150 and Rs 125 declared earlier in the financial year, reinforcing the company’s commitment to sharing the spoils of its success.
Looking at the nine-month stretch ending December 2025, Page Industries has amassed total income of Rs 4,04,090.59 lakhs, with total comprehensive income of Rs 58,231.49 lakhs. While the basic earnings per share for the quarter dipped slightly to Rs 169.93, compared to Rs 183.48 in the same quarter last year, the year-to-date EPS remains a solid Rs 524.57.
Auditors at S.R. Batliboi & Associates LLP have given the results a “limited review” thumbs up, reporting no material misstatements. It seems that, as far as Page Industries is concerned, the business remains as well-constructed as its famous Jockey briefs.
